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Faroe Petroleum PLC (LON:FPM) target price held steady at 100.00GBX, reported today by Cantor Fitzgerald

Cantor Fitzgerald held the price target of Faroe Petroleum PLC (LON:FPM) at 100GBX, indicating a possible upside of 0.38%.

Previously on 8/11/2016, RBC Capital Markets reported about Faroe Petroleum PLC(LON:FPM) lowered the target price from 120.00GBX to 100.00GBX that indicated a possible upside of 0.00%.

Showing a price of 72.25GBX, Faroe Petroleum PLC (LON:FPM) traded 1.92% lower on the day. With the last stock price up 7.38% from the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the date range. FPM has been tracking to a 50-day moving average of 67.50GBX and 200-day moving average of 69.10GBX. 835,299 shares of Faroe Petroleum PLC exchanged hands, up from ann average trading volume of 780,193

Recent Performance Graphic:

Faroe Petroleum PLC (LON:FPM)

Faroe Petroleum PLC has a one-year low of 42.50GBX and a one-year high of 82.00GBX . The company’s market capitalization is currently 0.0 GBX.

Also covering Faroe Petroleum PLC’s stock price target, a total of 13 equity analysts have released a report on Faroe Petroleum PLC. The one year target stock price is 98.42GBX with five analysts rating the company a strong buy, six analysts rating the stock a buy, four firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 analystsrating the company as sell.

General Company Details For Faroe Petroleum PLC (LON:FPM)

Faroe Petroleum plc is an oil and gas company. The Company is focused on exploration, appraisal and production opportunities in Norway and the United Kingdom. Its portfolio consists of approximately 60 exploration, appraisal, development and production licenses in the West of Shetland, the North Sea, Norwegian Sea, Barents Sea and the Celtic Sea. Its Aerosmith – PL644/PL644 B is located approximately 20 kilometers from the Morvin and Smorbukk Fields in the prolific Halten Terrace hydrocarbon province of the Norwegian Sea. The Bister Prospect is located in the Norwegian Sea in License PL348 C, which also contains the producing Hyme Field and the Snilehorn discovery, and which are adjacent to the producing Njord Field. The Brage Field is located east of Oseberg in the northern part of the North Sea. The Butch Main discovery is situated in approximately 65 meters water depth in the Southern North Sea. The Gullaxy Prospect is situated to the north of the Butch discovery in the Central Graben.

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